Home » Quick Forex » BITCOIN Analysis for November 16, 2018 888011000 110888 Bitcoin handled to push greater above $5,500 area recently after it broke below $6,000 area with an everyday close amidst impulsive bearish pressure. The cost just recently formed Extreme Divergence. So, certain retracement towards $6,000 area is anticipated prior to the price sinks lower with a target towards $5,000 location in the future. Currently the price is at the edge of the dynamic level of 20 EMA from where it is expected to draw back for a specific duration. As the price remains below $6 000 area with a daily close, the bearish bias is anticipated to continue further.SUPPORT: 5,000, 5,500RESISTANCE: 6,000, 6,400, 6,500 PREDISPOSITION: BEARISH MOMENTUM: VOLATILE The product has been offered byInstaForex Business -www.instaforex.com

BITCOIN Analysis for November 16, 2018 888011000 110888 Bitcoin handled to push greater above $5,500 area recently after it broke below $6,000 area with an everyday close amidst impulsive bearish pressure. The cost just recently formed Extreme Divergence. So, certain retracement towards $6,000 area is anticipated prior to the price sinks lower with a target towards $5,000 location in the future. Currently the price is at the edge of the dynamic level of 20 EMA from where it is expected to draw back for a specific duration. As the price remains below $6 000 area with a daily close, the bearish bias is anticipated to continue further.SUPPORT: 5,000, 5,500RESISTANCE: 6,000, 6,400, 6,500 PREDISPOSITION: BEARISH MOMENTUM: VOLATILE The product has been offered byInstaForex Business -www.instaforex.com